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Oh this is fun...Seems to me that they would be better off going after IHUB who owns the server and most likely has deeper pockets.
Sounds like more fun..GLTA
No shorting by me..I was just watching the action..I still like this one better if I have to hold for awhile. My new short term play is e(why)sm..GLTA
Wow, anyone else see the action on AW(why)I over the last several days..Incredible..
Hellcatjr..
Man that was harsh!! I can't say you were wrong but wow..
GLTA
HHGI - Great entry point at .0002...
What is your price?
Everyone please be carefull..As most of you know I have been trading this for weeks and I am currently on the sideline. I hope you all do very well, I really do but the following just hit my FB page:
Otc Picks December 10 at 8:52am Reply• Report
Breaking News Alert!
"Spencer Pharmaceutical Formalizes Buyout Offer With Al-Dorra"
(See Full Breaking News Story Below)
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Spencer Pharmaceutical Inc. (OTC: SPPH)
Detailed Quote: http://www.otcpicks.com/quotes/SPPH.php
To View Full Company Profile: http://www.otcpicks.com/
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Breaking SPPH News:
December 10 - Spencer Pharmaceutical Formalizes Buyout Offer With Al-Dorra
Spencer Pharmaceutical Inc. (PINKSHEETS: SPPH) announced today that is has formalized the buyout offer with the Al-Dorra Group as a successful results of meetings held in Montreal, Canada over the past week.
According to the terms of the formal buyout offer, Al-Dorra will acquire Spencer Pharmaceutical for $245 million USD on an all cash transaction to close on or before March 17, 2011. As per the terms of the formal offer, Al-Dorra reserves the right to acquire shares in the open market and Al-Dorra will deposit $500,000 in the company's account to be used to pay legal fees, and expenses associated with the ongoing business operations of Spencer Pharmaceutical.
"We are very satisfied with the terms of the buyout offer as it is very beneficial to our shareholders," said Dr. Max Arella, President of Spencer Pharmaceutical Inc. "I would personally like to thank His Excellency Hussein Al-Awaid for his time and travel commitment in formalizing the agreement with our board on behalf of our shareholders," further added Dr. Arella.
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Company Overview
Spencer Pharmaceuticals Inc. (Pinksheets: SPPH) is a public company specializing in the identification of new drug delivery applications. A global player in the biopharmaceutical market, Spencer has forged relationships with two highly respected laboratories located in Universities throughout the world. Their focus is on newly patented formulation of existing drugs from the incubation to the developmental stages or newly synthesized drugs able to cross the blood-brain barrier. The company's partners are experienced researchers providing years of research, now ready for the drug-development status.
Spencer is currently focusing on the development of 2 patented applications (ready for Human trial) in the treatment of Central Nervous System diseases and of Diabetes:
L’Institut National des Sciences Appliquées de Rouen (INSA Rouen) has discovered a new technology in the challenging area of drugs delivered to the Central Nervous System through an innovative approach that allows the crossing of the blood-brain barrier and dramatically reducing the side effects of drugs used for neurological diseases.
L’Universite du Québec à Montréal (UQAM) has discovered how to control the release of existing therapeutics molecules in order to increase their bio-availability and systemic efficacy.
The company's goal is to develop a portfolio of pro-drugs with the ability to outclass the current commercial drugs.
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OTCPicks is not registered as a securities broker-dealer or an investment advisor either with the SEC or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site or in this email are suitable or adviseable for any person or that an investment in such securities will be profitable. For our disclosure and disclaimer details visit http://www.otcpicks.com/disclosure-details.htm
Disclosure: OTCPicks.com and affiliates have been compensated ten thousand dollars by a third party (IAB Media) for this current SPPH email promotion.
I agree that .02 means nothing right. I think we can all agree that lower the A/S count and not doing a R/S is a huge step in the right direction, can't we?
Interesting..All I can say is that it is very good or very bad when they make these type of announcments. I have been on both sides so it is always had to say.
Still sitting on the side lines and watching but I sincerely hope that it is in the "very good" category for those who held.
GLTY
Just click on the trades button at the top of the IHUB screen and it should ask you to load some Java type software. After that you should be able to view each trade.
Level II is important to have in the pink market.
GLTY
Bonis,
Check out the trade log (Delayed by 15 minutes) and it will tell you on which side of the ask/bid each transaction was processed on.
http://ih.advfn.com/p.php?pid=trades&symbol=HHGI
As a side note, if you plan to trade the pinks you may want to look into a live version of Level II or you will be toast as everyone else has that 15 minute head start on you.
GLTA
Well someone just hit the bid for 10M shares..
Carlito,
It is fun to trade but I have now cleared and will wait to see what happens next.
In my experience, it is far easier to jump on a runner than to exit a falling knife if the market does not like the news. Kind of like buy the rumor and sell the news..
GLTA
Bonis,
In fairness, a CEO of a publicly traded company should not be involved in talking with individual investors or groups on a one on one basis anyway and I am sure that HHGI’s attorney’s told her just that if they are worth a darn.
The reason is that it is a very fine line to walk that you don’t “accidently” disclose information regarding the company that could be used to trade on.
There are 3 sides to every story and we will most likely never hear them on this message board.
What we do know is that the A/S count went from 1B to 5B in August and the company has registered to sell 1M dollars worth of securities via private placement.
IMHO, this is what has killed this stock and nothing more.
If and when they decide to clean that up is when it will start moving again. The only problem will be how they decide to clean it up…
GLTA
No worries here..I just keep adding as I can for the future run..
GLTA
"Invest in good things. But always remember the basics of investment: You are putting money there to gain!"
I agree with you 100% but I will also add that stocks listed on the pinks are not real investments IMHO. There is a reason they are traded on the lower tier (High Share count, High Debt, start-up, etc..) and for these reasons they are not "good investments".
What they are good for is high pay-outs if you find the right ones which is hard to do.
I have learned that you don't marry the pinks as long term investments but trade them for short term profit.
I know many find this approach disgusting but that is the way the game is played and as soon as you learn the game, the quicker you will make money at it.
GLTA
From your lips to the MM's ears..LOL
I still think we need some meaty news before we start back up, but I can wait..
GLTA
Even I have to agree with that..LOL
"added mucho shares @8 cents"
Sweet!!, Nice Triple so far...
Good start this morning..Up over 25% already on pretty nice volume.
GLTA
I certainly understand, this trading is very easy in hind site..LOL I wish you nothing but the best in future.
GLTY!!
I am sincerely sorry that you could have doubled your money if you had held a couple more days. GLTY
Don't know which one yet but it is still below its 50 and 200 day moving average price at this point but it is getting closer to the 200MA of .22
GLTA
Up over 35% for the day as I write this and it is almost back to where it was before the huge haircut early this week..
GLTA
Doinit,
I agree the right news will be important. What we don't know yet is what kind of revenue stream the new sub buisness is going to add to the bottom line. I am thinking that if HHGI continues to file their reports and build their buisness then we should be fine.
He!!, even at .0003 it should be an easy double or more in the next several months, IMHO.
I still say now is the time to grap a position and wait for those you can stand to wait..LOL
GLTA
Dew,
Not much action at all here but I don't have any thought of selling either. Actually, trying to add more as I can. I still think this will surprise some people at some point.
GLTA
Head,
I have been here for awhile now (but not as long as Sony and some others) but this seems to be SOP for the company..Release news and then dump into it. With over 100M shares in volume I can't see it being retails, can you?
Besides, remember that ICBT only holds 25% of biospec anyway..
Long story short, I'm still holding and it sucks right now.
GLTA
Wooden,
Not a bad ideal when trading in the pinks..Hope you did well.
GLTA
ICBT News out..
BioSpec Global Solutions receives invitation from Chinese government to test TOG'S 3000 & 9000.
Dec 01, 2010
OTC Disclosure & News Service
Ile Perrot, QC, Canada -
Boston, Montreal , December ,1, 2010 – ICBS Ltd. (OTCPK: ICBT), announced today that partners BioSpec Global Solutions Inc., have received a letter of invitation to conduct testing of BioSpec's TOG's 3000 and 9000 in Chancheng District Foshan in the province of Guangdong China.
The invitation which was signed by Director Pan Huibing of the Overseas Chinese Affairs Bureau, authorizing BioSpec to test water through the province.
"This trip will mark the beginning of the introduction of BioSpec's technology to the Chinese market. It will also afford the opportunity to investigate new opportunities for the sale of equipment to the Chinese government" said BioSpec's president Don Saunders." This is a hugh step forward for us."
Both BioSpec and Chinese representatives will meet in Boston on December 8th to map out strategy for the testing which will be done by BioSpec personal in conjunction with Chinese officials.
BIOSPEC Global Solutions Inc., is a technology solutions company. It’s focus is to bring to the global market, innovative, state-of-the-art technologies, for rapid, onsite (remote) monitoring of microbial contamination in drinking water, recreational water, agriculture & food, pharmaceuticals and medical applications
The company holds worldwide patents on the TOGSTM 3000 and TOGS9000 .TM
ICBS specializes in mergers and acquisitions (M&A) advisory services and invests in selective businesses with potential for high growth.
SOURCE: BioSpec Global Solutions Inc. - ICBS Limited
CONTACT: Don Saunders President TELEPHONE: 514-425-0332
www.biospecglobal.com
CONTACT: Garth McIntosh, President & CEO TELEPHONE: 514-932-4402
www.icbs.ca
Legal Notice Regarding Forward-Looking Statements:
Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.
BioSpec Global Solutions receives invitation from Chinese government to test TOG'S 3000 & 9000.
Dec 01, 2010
OTC Disclosure & News Service
Ile Perrot, QC, Canada -
Boston, Montreal , December ,1, 2010 – ICBS Ltd. (OTCPK: ICBT), announced today that partners BioSpec Global Solutions Inc., have received a letter of invitation to conduct testing of BioSpec's TOG's 3000 and 9000 in Chancheng District Foshan in the province of Guangdong China.
The invitation which was signed by Director Pan Huibing of the Overseas Chinese Affairs Bureau, authorizing BioSpec to test water through the province.
"This trip will mark the beginning of the introduction of BioSpec's technology to the Chinese market. It will also afford the opportunity to investigate new opportunities for the sale of equipment to the Chinese government" said BioSpec's president Don Saunders." This is a hugh step forward for us."
Both BioSpec and Chinese representatives will meet in Boston on December 8th to map out strategy for the testing which will be done by BioSpec personal in conjunction with Chinese officials.
BIOSPEC Global Solutions Inc., is a technology solutions company. It’s focus is to bring to the global market, innovative, state-of-the-art technologies, for rapid, onsite (remote) monitoring of microbial contamination in drinking water, recreational water, agriculture & food, pharmaceuticals and medical applications
The company holds worldwide patents on the TOGSTM 3000 and TOGS9000 .TM
ICBS specializes in mergers and acquisitions (M&A) advisory services and invests in selective businesses with potential for high growth.
SOURCE: BioSpec Global Solutions Inc. - ICBS Limited
CONTACT: Don Saunders President TELEPHONE: 514-425-0332
www.biospecglobal.com
CONTACT: Garth McIntosh, President & CEO TELEPHONE: 514-932-4402
www.icbs.ca
Legal Notice Regarding Forward-Looking Statements:
Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.
http://www.otcmarkets.com/stock/ICBT/news?id=24440&b=y
It just hit my e-trade news as well..
From a strickly trading point of view it is easy to understand the buyng today.
I watched Level II all day yesterday and there was a lot of intraday shorting and covering going during the day, which based on the news released yesterday it should not have been a surprise to anyone...
Today is most likely some covering, some bounce players looking for the quick flip from the 60% hair-cut of yesterday and maybe a little averaging down, IMHO..
Scam or no-scam, some people will make money on this..
GLTA
Sun,
Just thought you would like to know that the site is currently up and going.
http://www.spencerpharmaceutical.com/
Could have been a technial "glitch" or something less sinister going on with don't you think?
GLTY
O.k. now, let's play nice..We are getting close to the edge of personal attacks and the very last thing i want to do is start deleting post..
Love it or hate it, let's please keep it about the stock..
Thanks...
LOL.. No offense but any blog that cites and links to post on ihub or any other public message board as a source should be taken with a grain of salt.
Scam, no scam, win or lose that it just funny to post that link as a "credible source"..
GLTA, looks like we will need it..
I agree, Great call!!
Now is the time to buy, IMHO.. It sure is better to buy while the volume is down rather than wait until it all of a sudden starts to run and everyone is wondering why and blindly jumping in looking for the quick flip..
Remember that you make your money when you BUY the stock. The selling is just the collection phase and the better you did one the front end depends on how much$$$ you collect during that phase..
GLTA
stockfalcon!!
Got your PM but can't reply due to having a free IHUB account. E-mail at awesome1_in_cc@yahoo.com and I will tell you what I know on the stock you were asking about.
GLTY and Great play here on AWYI..